Understanding the DOL's New Overtime Exemption Rule
EVENT DATE:
Jul 19,2024
PRESENTER(s): Vicki M. Lambert
1:00 PM ET | 12:00 PM CT | 10:00 AM PT |
100 Minutes
This program has been approved HRCI Credit 2
The U.S. Department of Labor has announced its final rule modifying the FLSA’s overtime exemptions for executive, administrative, and professional employees. The final rule significantly raises the minimum salary to qualify for exemption, with initial increases to take effect on July 1, 2024. The rule also calls for automatic, formulaic increases to the salary threshold every three years.
The new rule commands attention from virtually all employers. It is critical for employers to understand the nuances and ramifications of this rule.
Learning Objectives:
- An overview of the changes in the final rule,
- Best practices for assessing and executing reclassification decisions,
- Common compliance hurdles and strategies to overcome them,
- Broader implications of the rule change for employers and the workplace; and
- Anticipated challenges the new rule is likely to face in court, as well as the potential impact of the November election.
Areas covered in this Training:
Review Federal Overtime Requirements
- Exempt vs. non-exempt
- Overtime Concerns
- Regular Rate of Pay why it is important and how to calculate
State Overtime Requirements
- State by State Review
- Details of federal regulation changes what are they and when we as employers need to be ready
Other Benefit Points:
- Impacts of changes to companies and best practices on how to handle them
- Current accounting issues
- Current audit issues
- Current compilation and review issues
- Other issues affecting the profession
Credits and Other information:
- Session Duration: 100 Minutes
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
- Session learning level: Introductory
- Delivery method: Group Internet Based
- Credits: 2.0
Who Will Benefit:
- HR Professionals
- HR Directors
- Managers
- In-House Counsel
- Attorneys
- Business Owners
- Accountant/Accounting Professionals
Speaker Profile:
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.
With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.
A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.
